Option Iceman 8:06 am on Tuesday, September 28, 2021
Tags: OnlySpreads ( 521 )

TQQQ Puts

Sold 1 TQQQ Oct 01 2021 119.0 Diagonal Put at $1.36
Sold 1 TQQQ Oct 01 2021 120.0 Diagonal Put at $1.58
#OnlySpreads

Hawk 8:16 am on Tuesday, September 28, 2021

how do you do diagonal with only one leg?
- Option Iceman 10:45 am on Tuesday, September 28, 2021
  
  I’m already long Puts in November left over from earlier spreads.
  
  I only do spreads because I’m trading in a retirement account.
  I learned a painful lesson in 2018 with short SVXY puts.
  
  If I had no existing positions and I was buying long puts as a hedge , it would be December 60s and November 70s & 75s.
  That allows for multiple weeks of re-writes.
  
  The Short Puts are easy to roll.
  - Hawk 12:31 pm on Tuesday, September 28, 2021
    
    Got it, it’s a pretty wide diagonal. agreed an almost naked position is much easier to roll, than a small spread.

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